Loungani, Prakash; Razin, Assaf; Yuen, Chi-Wa - Federal Reserve Board (Board of Governors of the … - 1997
data from the IMF's Annual Report on Exchange Rate Arrangements and Exchange Restrictions. The estimates of the output …Our paper analyses the effects of restrictions on capital mobility on the output-inflation tradeoff. Using a stochastic … version of the Mundell-Fleming model, we establish a theoretical presumption that an increase in restrictions on capital …